2 People Claim Same Dependant?
My child is 19, goes full time to a community college and also has a good job. He lives at home free, we paid tuition.
He filed his own taxes claiming 2 exemptions and that no-one can claim him as a dependent. (he has an investment and write offs)
We are getting ready to file our joint 1040 return and according to Turbo tax, we can also claim him as a dependent and can take the $4000.
It has a big financial impact on our return if we can not claim him, but I also don't want to flag the IRS. What should we do?